crude oil

Sunday, January 22, 2023

Iran Oil Exports To China Surge

by  Ben Sharples (Bloomberg) Iran’s oil exports are surging, offering solace to both Tehran and a global market fretting over the prospect of sanctions

2 hours ago
Total Views: 74

Tuesday, January 17, 2023
Maritime News

Venezuela Halts Oil Exports

By Marianna Parraga (Reuters) – The new head of Venezuela’s state oil company PDVSA has suspended most oil export contracts while his team reviews

January 17, 2023
Total Views: 9885

Sunday, January 1, 2023

Chevron Sending Two Oil Tankers To Venezuela Under U.S. Approval

By Marianna Parraga HOUSTON, (Reuters) – U.S. oil company Chevron Corp CVX.N is sending two oil tankers to Venezuela, one of which will load the

January 1, 2023
Total Views: 3611

Saturday, September 17, 2022

Oil Tanker Rates Bubbling Up As Russia Disrupts Trade

(Bloomberg) –Benchmark oil tanker earnings topped $50,000 a day for the first time in more than two years as Russia’s invasion of Ukraine upends global

September 17, 2022
Total Views: 1822

Tuesday, March 15, 2022
Tanker at sunset

Oil Tanker Traders Go Underground To Buy Cheap Russian Crude

By Serene Cheong (Bloomberg) –Away from the public eye. That’s where Russian crude is going as buyers tread carefully in their dealings with the pariah

March 15, 2022
Total Views: 27037

Tuesday, March 8, 2022
Sovcomflot Logo Russian

More Russian Oil Deeply Discounted As Load Port Ban Risk Alarms Buyers

By Tsuyoshi Inajima (Bloomberg) A cargo of Russian Sokol oil from the Far East was offered at a steep discount as the nation’s invasion of Ukraine and the

March 8, 2022
Total Views: 3282

Monday, September 27, 2021

Brent Rises to Highest Since 2018 on Global Energy Crunch

By Alex Longley and Sheela Tobben (Bloomberg) — Brent approached $80-a-barrel on signs that the crude market is rapidly tightening amid a global energy

September 27, 2021
Total Views: 1328

Thursday, November 19, 2020
tanker deck

Global Crude Market Finds Support Mainly from China

By Devika Krishna Kumar, Olga Yagova and Noah Browning NEW YORK/MOSCOW/LONDON, Nov 19 (Reuters) – China, the global oil market’s lifeline this

November 19, 2020
Total Views: 706

Thursday, October 15, 2020
tanker loading
Maritime News

U.S. Crude, Fuel Stockpiles Drop Sharply Amid Hurricane -EIA

By David Gaffen Oct 15 (Reuters) – U.S. crude stockpiles fell sharply last week, as offshore oil production was shut due to Hurricane Delta, while

October 15, 2020
Total Views: 20

Thursday, July 23, 2020
vlcc tanker
Maritime News

Oil Drops With Demand Worries Reverberating From U.S. to Asia

By Andres Guerra Luz (Bloomberg) –Oil weakened as economies from the U.S. to Asia signaled a deepening demand fallout from the coronavirus pandemic.

July 23, 2020
Total Views: 18

Friday, June 26, 2020
Maritime News

Top Oil Pricing Agencies Launch New U.S. Crude Benchmarks

By Julia Payne and Devika Krishna Kumar LONDON/NEW YORK, June 25 (Reuters) – After U.S. crude futures took an historic plunge into negative territory in

June 26, 2020
Total Views: 44

Friday, June 12, 2020
Maritime News

Venezuelan Oil Cargoes Hidden En Route to China, Bypassing Sanctions

By Luc Cohen and Marianna Parraga CARACAS/MEXICO CITY, June 12(Reuters) – Last year, China replaced the United States as the No. 1 importer of oil from

June 12, 2020
Total Views: 292

Thursday, June 11, 2020
oil tanker
Maritime News

Oil Plummets With Economic Jitters Surging Through Markets

By Hailey Waller and Alex Longley (Bloomberg) –Crude futures plunged by the most since late April a day after the Federal Reserve provided a gloomy

June 11, 2020
Total Views: 22

offshore rig north sea

Oil Crisis Shows Richest Nordic Country Remains a Crude Addict

By Lars Erik Taraldsen and Mikael Holter (Bloomberg) –Norway has been talking for years about weaning itself off oil, but the Covid-19 crisis has

June 11, 2020
Total Views: 47

Tuesday, May 26, 2020
Oil tanker in Ningbo Zhoushan port
Maritime News

Oil Rallies With Producers Showing Confidence by Hiking Prices

By Olivia Raimonde and Alex Longley (Bloomberg) — Oil’s recovery from its historic crash last month is barreling ahead, with some OPEC producers

May 26, 2020
Total Views: 24

Monday, May 25, 2020
crude oil tankers
Maritime News

The World’s Smartest Oil Traders Have Taken to the Seas

By Julian Lee (Bloomberg Opinion) –The waters off the South African oil storage terminal at Saldanha Bay are getting busy. A small flotilla of tankers

May 25, 2020
Total Views: 92

Thursday, May 21, 2020
Maritime News

Oil Rally Continues as Output Cuts Hit Supply Glut

By Olivia Raimonde (Bloomberg) –Oil posted its longest streak of gains in more than a year, buoyed by output cuts across the globe that have whittled

May 21, 2020
Total Views: 21

Monday, May 18, 2020
oil tanker loading

Oil Rises to Two-Month High Amid Demand Recovery

(Bloomberg) — Oil rose to levels not seen since Covid-19 lockdowns paralyzed the world’s largest economy, lifted by signs of recovering demand and

May 18, 2020
Total Views: 13

Friday, May 15, 2020
oil tanker
Maritime News

Tanker Movements Reveal China’s Splurge on Cheap Crude

By Firat Kayakiran (Bloomberg) –Chinese oil traders know bargain crude prices when they see them. That, at least, is one conclusion from the movements of

May 15, 2020
Total Views: 55

Thursday, May 14, 2020
Maritime News

Small Irish Terminal Draws U.S. Oil With Global Storage Filling

By Sheela Tobben (Bloomberg) –A cluster of ships with American oil has been heading to a small terminal in southern Ireland as buyers search for places

May 14, 2020
Total Views: 52